Current Assets

Egypt: Lagia

Development using applied/advanced production technology

• Previously discovered oil asset requiring modern technology to release its potential.
   
• Field has significant upside; heavier oil in shallow reservoirs, deeper targets with lighter, more valuable oil.
   
• Potential for early oil revenue.

• MENA 100% WI

Syria: Block IX

Exploration concession

• An exploration opportunity with significant potential.
   
• Acreage offers exposure to potential for material reserves growth in 2011.
   
• 2 prospects to drill from mid-2011.

• MENA 30% WI